Trade Resources Economy Cotton Growers of Cameroon Have Sold 221,000 Tons of Cotton in Market During 2012-13

Cotton Growers of Cameroon Have Sold 221,000 Tons of Cotton in Market During 2012-13

Cotton growers of Cameroon have sold 221,000 tons of cotton in the market during the crop season 2012-13, according to Cameroon National Confederation of Cotton Producers (CNPCC).  

The amount of cotton brought by farmers to the market this year has increased by 41,000 tons from previous season’s produce.   

CNPCC said the cotton yield for the farming season, which ended on May 15, 2013, was projected at 240,000 tons, but the produce was little less due to heavy rains in the northern regions of Cameroon that destroyed the produce.  

Besides heavy rains, lack of transportation facilities in some cotton-producing basins of Cameroon forced the local cotton growers to sell their stock to Nigeria, a neighboring country of Cameroon.  

The rise in cotton yield this season is due to supportive policies implemented by the Cameroon Government.   The Government hiked the minimum price of cotton from 240 francs per kg to 275 francs per kg, which caused a loss of 2 billion francs CFA to Cameroon’s Cotton Development Company (SODECOTON).   

Source: http://www.fibre2fashion.com/news/textile-news/newsdetails.aspx?news_id=146120
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Cameroon Cotton Output Crosses 221, 000 Tons in 2012-13
Topics: Textile